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Updated almost 7 years ago,

User Stats

6
Posts
0
Votes
Quinn Jackson
  • Investor
  • Klamath Falls, OR
0
Votes |
6
Posts

How much could I expect for selling a note

Quinn Jackson
  • Investor
  • Klamath Falls, OR
Posted

I have a house that I'm about to sell on contract for 82k to a couple that has leased for over 2 years and put down a total of $7,900 (total price was set at $89,900).  The note is for 15 years @ 6.1%, and the house is valued around 110k (obviously gone up since we originally set the option in 2015).  What do you think someone would pay for a note like this?  Renters have stable longer term jobs and have had a good history, though not excellent credit (around low 6s) but no judgments.  I'd really rather cash out and use the cash for other opportunities.  Thanks